1,331 Target Price Upgrade Reports as Chip Rally Lifts Market Expectations

As the semiconductor rally brings the KOSPI closer to the 8,000 level, securities firms are moving more quickly to raise target prices. Over the past year, target price upgrade reports reportedly reached 1,331. The leading stocks are Samsung Electronics and SK hynix, often grouped in Korea as “Samjeon-nix,” and profit expectation upgrades that began with them are spreading to other sectors. The market is seeing brokerage expectations rise sharply from a year earlier as index gains and earnings hopes move together. The confirmed points are the chip rally, the increase in target price upgrade reports, and the broader spread of higher profit expectations. Source: mk.co.kr